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Fly News Breaks for May 24, 2017
VSAT
May 24, 2017 | 07:49 EDT
Wells Fargo analyst Andrew Spinola views ViaSat's Q4 results as in-line with few surprises. Broadband and aerospace net additions were a little light, but much of that business is dependent on the June 1 launch of Viasat-2, Spinola tells investors in a post-earnings research note. The analyst continues to expect the aero business to "ramp sharply" later this year and the broadband business to ramp in 2018. Spinola believes ViaSat shares offer a "very attractive risk/reward opportunity right here." He keeps an Outperform rating on the name with a $96 price target.
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